18.4 Million Vacant Homes in the U.S. in Q4 ’10

With millions of foreclosures to come…

Nearly 11 Percent of US Houses Empty

By: Diana Olick

Homeownership is falling at an alarming pace, despite the fact that home prices have fallen, affordability is much improved and inventories of new and existing homes are still running quite high.

Bargains abound, but few are interested or eligible to take advantage.

More concerning than the home ownership rate is the vacancy rate. The Census tables don’t tell the entire story, but they tell a lot of it. Of the nearly 131 million housing units in this country, 112.5 million are occupied. 74.8 million are owned, and that’s only dropped by about 30 thousand in the past year. 38 million are rented, but that’s up by over a million year over year. That means more new households are choosing to rent.

Now to vacancies. There were 18.4 million vacant homes in the U.S. in Q4 ’10 (11 percent of all housing units vacant all year round)…

Younger Americans have seen what home ownership has done to their friends and families, and many want no part of it.

You can read the full report here…

So I ask you this.

What is the end game in all this?

How many vacant homes do we need for this madness to stop?

And when will the people of this nation stand up an say enough is enough?

~

4closureFraud.org

Comments
8 Responses to “18.4 Million Vacant Homes in the U.S. in Q4 ’10”
  1. I have said this all along…..WHERE IS THE PRESIDENT…or is this not his job to give protection to the American citizens…he did more and said more to protect the illegals in this country than he has done for the very ones who this land belongs too. He has dug his nose into other countries business and has ignored this country going to ruins.
    CONgress and the President need to quit messing around with health care (going into the third year) and start solving the issues they participated in with the banks, such as bailouts…if that really what it was called. Where is Home Land Security? Katrina never saw them and the citizen’s of this country have not even heard the word Home Land Security…not once since the hot air balloon burst. Are they on the U. S. payroll? Is this country not in ruins? Has devastation not taken over? It appears this country has no protection.
    Has it not been proven that fraud has been the banks culprit partner for years, ignored since in the 90’s and advanced to the point in 2008 ..using fraud as a weapon to destroy America. No indictments, no hand cuffs..nothing. Victims having to fight the fraudsters, fight the fraudsters lawyers, fight the courts, prove the fraud and get rubber stamped to lose their homes. A whole country of foreclosures and years have gone by and with no criminal arrests… only shows this goes alot deeper than what has come to the forefront.. Why is the government so quiet on what is happening ?…..Why are they all lurking in the shadows or behind closed doors? Why is this not the main topic in CONgress..In the White House? We don’t want to hear the speeches in the future..we want to hear it now. The government KNOWS why this has happened and we want the facts and what they plan to do about the fraud that has robbed this countries citizen’s of their right’s..of their property…of their country…… to give back homes taken with the use of CRIMINAL FRAUD.
    When a bank is robbed, the robber goes to prison and the bank collects from it’s insurance and all is fine. But a home owners is robbed by fraud…and see’s no one go to prison and can’t collect on home insurance.. and is living on the street’s. Tell me . is balanced justice ?
    Folks, I had to say it..(.I am retired and own my home and never had a mortgage on it.)..but …I am a person who demands the truth and will fight for those who have been or are soon to be victims of foreclosure …abused by the government we depended on to trust.. Silence from the leaders is no way to gain trust. I feel today the word trust is just another word in the dictionary. And as I have said many times….ENOUGH IS ENOUGH…. Facts are being exposed everyday and the time has come for the truth to be spoken.

  2. There is more renters because people are being force to get out their homes by FRAUDCLOSURES, and THE BIGGEST PONZI SCHEME IN U.S. HISTORY. Not by choice ! Choice is becoming a rare word now in America and is being replace by force

  3. usjustice4all says:

    I don’t like the way it is written “more people are {choosing} to rent”, by far do I think it’s a choice!!

  4. losing my homeb in florida says:

    THank you I vent. i am jewish and i feel like my great grandma and great grand pa must have felt. A prisinor. All my wordly goods (my home eequity) stolen and now they want all my possessions. Gas you say tear gas to make us lkeave our foreclosed homes. i was the chat last night foreclosure hamlet ranting the same thing where is our president how can this continue.. I have been responsible all my life paying mortages and bills and all of a sudden i cant afford my house. Health insurance out of control” food and gas prices utilities. Everyone in my county got 400 $ electric bills . We have not had any raises in florida in years. we cant afford price increases if we cant get raises. please we need help. Stop enough homes have beenstolen. lkeave us alone already procecute. Robo signing appraisal fraud come on people help us

  5. John Zeller says:

    Stand up and fight? Citi filed for a motion for summary judgement based on CR 56. Their only affadavit is a Citi print out of the activities on my account which shows my delinquency. I answered the foreclosure with some 44 exhibits that document Citi tactics and procedures that show Citi uses unfair tactics. Citi was forced to rescind a foreclosure last year that was a result of their errors. This year it is a series of Citi errors that find Citi foreclosing on me again!!! We are going to court and it is intimidating to challenge a financial institute that has such influence on government that they do not have to follow the laws by which we are governed in Ohio.

  6. l vent says:

    This is a HOUSING HOLOCAUST. WHO IS SPONSORING this FINANCIALand HOUSING HOLOCAUST of AMERICA? Where is our President? Where is the HOPE and CHANGE that he PROMISED TO THE PEOPLE WHO ELECTED HIM? He is looking more and more like a SELL OUT everday. HE IS SELLING OUT THE AMERICAN PEOPLE. OUR HOMES ARE PAID FOR, THANK YOU VERY MUCH TO THE BANKS. Screw worrying about what is going on in Egypt. Our Country is Crumbling and the PEOPLE ARE HAVING THEIR CONSTITUTIONAL RIGHTS VIOLATED OR COMPLETELY STRIPPED AND THEIR HOMES AND PROPERTY RIGHTS STOLEN FROM THEM. Let these OTHER Nations all FIGURE OUT THEIR OWN PROBLEMS. Egypt and all of the rest of the countries that are having issues with their own Governments ARE CAUSING A DISTRACTION FROM THE REAL ISSUES IN OUR OWN COUNTRY: FRAUDCLOSUREGATE which is the direct result of the BIGGEST PONZI SCHEME IN HISTORY and the ONGOING RAPE AND PILLAGE OF THE AMERICAN PEOPLE. America has enough of it’s OWN PROBLEMS. It is TIME FOR OUR GOVERNMENT TO FIX IT’S OWN PROBLEMS AT HOME AND QUIT KICKING THE CAN DOWN THE ROAD. IGNORING THE CRIMES THAT HAVE BEEN COMMITTED AND STILL ARE BEING COMMITTED AGAINST THE AMERICAN PEOPLE IS NOT THE SOLUTION. IT IS UNAMERICAN AND FLIES IN THE FACE OF EVERYTHING AMERICA STANDS FOR AS A NATION. Max Keiser said it well when he said: The next thing they will be doing is gassing the people in their own homes if they can’t fraudclose. I am beginging to be ashamed of my own Country. AMERICA HAS BEEN HIJACKEDBY THE NAZI’S.

  7. l vent says:

    NOW THIS IS A CRIME OF PURE GREED. THESE HOMES WERE PAID FOR BY THE PEOPLE FOR A NOMINAL FEE TO A BANKER. Thank You to THE BANKS for the “Secret Deal” that was made with homeowner’s so that we could share in the wealth that was created via FREE MARKET CAPITALISM via THE BIGGEST PONZI SCHEME IN U.S. HISTORY.. The Nazi’s are greedy and are FORCING THE BANKS TO FRAUDCLOSE. HOW UNAMERICAN. WE MUST find out who these GREEDY people are and HEADS NEED TO ROLL. THE PEOPLE OWN THEIR HOMES FREE AND CLEAR.

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